Govind Pmr10 Feb, 2023Technology
The lighting fixtures market has been growing rapidly in recent years, driven by increasing demand for energy-efficient lighting solutions, rising awareness about the benefits of smart lighting, and growth in the construction and renovation of residential and commercial buildings. LED lighting fixtures, in particular, have gained popularity due to their long lifespan, high efficiency, and versatility. As a result, the LED lighting fixtures segment is expected to dominate the market in the coming years. In addition, the advent of connected lighting systems and the increasing popularity of smart homes have created new opportunities for growth in the lighting fixtures market. Companies operating in this market are focused on launching innovative products and expanding their geographical presence to gain a competitive advantage.
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